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The pros and cons of term life insurance vs. permanent life insurance

Higginbotham

One of the first and most important responsibilities embraced by every breadwinner is life insurance. Should they lose your support, life insurance will immediately pay your beneficiary the cash value of the life insurance policy, with no taxes owed, providing a lifeline to resolve debts and pay living expenses.

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Is indexed universal life insurance right for you?

Higginbotham

Life insurance can be a practical way of making sure that your loved ones are taken care of even after you’re gone. However, there’s more than one type of life insurance policy, and some can provide you with more features than just a death benefit. Term life insurance covers a predetermined period of time.

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Borrowing against life insurance: How it works

Higginbotham

You may be able to benefit from your life insurance policy while you’re still alive. If you own a permanent life insurance policy, it will accrue a cash value over time. This makes borrowing against life insurance possible. Term life insurance policies cover a predetermined period of time.

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The pros and cons of life insurance for children

Higginbotham

Parents often buy life insurance for themselves to help safeguard their children’s futures. But, should they also buy life insurance for their kids? Although the idea of life insurance for children may sound unusual, it can serve some practical purposes and offer long-term benefits.

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What is supplemental life insurance and how can it improve your employee benefits package?

Higginbotham

What is supplemental life insurance? It’s a type of life insurance policy that’s often available through work and provides additional coverage. What is supplemental life insurance? Supplemental life insurance fills in coverage gaps and provides additional life insurance coverage.

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I have group life insurance through work. Is it enough?

Take It Personel-ly

Employer-sponsored life insurance comes as a well-intentioned perk for loyal employees. Getting covered through work is a less expensive way to protect your family, especially when you need life insurance but haven’t shopped around for one yet. On the […].

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How Life Insurance Works With Wills And Trusts

Take It Personel-ly

There aren’t many things more important in your financial plan than your life insurance and final will and testament. These financial tools provide you with the peace of mind that both yours and your family’s need will be cared for in the event of death, disability, or terminal illness.